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Attachments: 0400-0700 GMT Breakout Strategy
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0400-0700 GMT Breakout Strategy

  • #2,361
  • Jan 27, 2010 9:47am Jan 27, 2010 9:47am
Quoting maq
hova

can you do the same with scull's breakout

no
Never whishing, always trading.
  • #2,362
  • Jan 27, 2010 1:07pm Jan 27, 2010 1:07pm
This might be an explaination.

I was looking at the Average True Range (ATR) based upon a 14 period on the daily chart for GBP / USD. For those who are not familiar with the ATR it measures the average range for the chart that you are looking at. Effectively (for a daily chart) the likely daily difference between the high and low

Here is the ATR highs and lows over the last few months:

October------high 198 pips
------------- low 167 pips

November----high 194 pips
------------- low 174 pips

December----high 197 pips-------Up to 18th December
------------- low 179 pips

January------high 161 pips-------So far (currently at 157 today)
------------- low 151 pips

The bottom line is that the average daily range has fallen by about 20%. I think that this probably demonstrates that this pair is going through a quite period and that volatility has fallen off. As a result we are not getting the moves we were hence the lack of winners

Incidently the last time that the ATR was at this level was August 2008 !!
  • #2,363
  • Jan 27, 2010 2:45pm Jan 27, 2010 2:45pm
Quoting Indyfx
This might be an explaination.

I was looking at the Average True Range (ATR) based upon a 14 period on the daily chart for GBP / USD. For those who are not familiar with the ATR it measures the average range for the chart that you are looking at. Effectively (for a daily chart) the likely daily difference between the high and low

Here is the ATR highs and lows over the last few months:

October------high 198 pips
------------- low 167 pips

November----high 194 pips
------------- low 174 pips

December----high 197 pips-------Up to 18th...
You noticed the spread on gbp/usd ? Usually ( on Alpari ) it was 3, but the last days/weeks i saw that it was between 1-2 !
Never whishing, always trading.
  • #2,364
  • Jan 27, 2010 2:54pm Jan 27, 2010 2:54pm
Quoting Soondoock
I think Vt is similar with MT4 and I suppose you have the same possibility to trade this method. No need in EA or indicators to use draw the lines according to method (Tasciy's, Scull's or Grant's) and that is all.
I already did that and it worked i just wanted to know if someone has it on VT trader. But it's ok . I will try to see for the programation on the VT and if i get it right I will postit then. Thank you! Apreciated!
By the way I made 34E/U pips today on my VT using the strategy...
  • #2,365
  • Jan 27, 2010 5:49pm Jan 27, 2010 5:49pm
thanks Indy for this research, interesting. maybe an new way for calculate variable entries and exits depending this ATR values


Quoting Indyfx
This might be an explaination.

I was looking at the Average True Range (ATR) based upon a 14 period on the daily chart for GBP / USD. For those who are not familiar with the ATR it measures the average range for the chart that you are looking at. Effectively (for a daily chart) the likely daily difference between the high and low

Here is the ATR highs and lows over the last few months:

October------high 198 pips
------------- low 167 pips

November----high 194 pips
------------- low 174 pips

December----high 197 pips-------Up to 18th...
  • #2,366
  • Jan 27, 2010 5:49pm Jan 27, 2010 5:49pm
for scullmeisters method, can someone tell me if the times are GMT time? so if my broker is +1, it would be like 6:00 to 8:15GMT?

And nothing to decide if to go long or short like grant method, just take what comes?
  • #2,367
  • Jan 27, 2010 7:35pm Jan 27, 2010 7:35pm
i'm confused, you say when the 85 ema is blue or red. i've been looking all over for this ema. where do you get this?


Quoting matlobien
I want to post some research I have done on Scull's method.

This was done on forward testing on a live IBFX account only from 1 November.

Took all trades except NFP Friday and 10 November when box was to big.

Trades = 11
Wins = 6
Losers = 5
% Win = 55
Pips = -20

Then I put Grant's 85 EMA on the chart and only bought when it was blue and sold when it was red.

Trades = 8
Wins = 6
Losers = 2
% Win = 75
Pips = 100

When I put Dubai Trader's 25 and 50 slope indicators on the 1 hour chart and omly bought when both were blue and sold when both...
  • #2,368
  • Jan 27, 2010 7:39pm Jan 27, 2010 7:39pm
are the slopes in metatrader? how do I add them?

Quoting matlobien
Hi

12 and 17 November would not have been valid trades with Dubai's slopes.

The 4 winners was on 3,4,9 and 13 November.

  • #2,369
  • Jan 28, 2010 12:00am Jan 28, 2010 12:00am
Quoting robl45
i'm confused, you say when the 85 ema is blue or red. i've been looking all over for this ema. where do you get this?
It basically refers to the slope direction.

If the slope is going north = blue.

  • #2,370
  • Jan 28, 2010 12:05am Jan 28, 2010 12:05am
Quoting robl45
are the slopes in metatrader? how do I add them?
Dubai Trader used them in the 7 to 9 Big dog thread.

  • #2,371
  • Jan 28, 2010 12:44am Jan 28, 2010 12:44am
Quoting robl45
for scullmeisters method, can someone tell me if the times are GMT time? so if my broker is +1, it would be like 6:00 to 8:15GMT?

And nothing to decide if to go long or short like grant method, just take what comes?
You are correct, if you are using jason breakout box indicator first few settings are :
8
30
10
0

I think so.
The Road appears under the steps of walking men...
  • #2,372
  • Jan 28, 2010 2:12am Jan 28, 2010 2:12am
Well, it was about time for a nice clean trade like today.

  • #2,373
  • Jan 28, 2010 2:16am Jan 28, 2010 2:16am
Does anyone know of a EA that can autotrade these using a the logic included?
  • #2,374
  • Jan 28, 2010 2:27am Jan 28, 2010 2:27am
Quoting matlobien
Well, it was about time for a nice clean trade like today.

FX, clean, nice.....
  • #2,375
  • Jan 28, 2010 3:03am Jan 28, 2010 3:03am
hie there all. May i know anybody using fxcm platform? i still cant figure out which time should i look for.
  • #2,376
  • Jan 28, 2010 3:22am Jan 28, 2010 3:22am
Quoting grant18265
FX, clean, nice.....
Yip, this business test your patience to the extreme.

  • #2,377
  • Jan 28, 2010 3:36am Jan 28, 2010 3:36am
Quoting Hova
I did a 'quick' backtest (visual) from jan. 2005 to dec. 2009
results on attached image
Thanks for all this effort.

It gives us a lot of confidence.

to our mentor Grant.
  • #2,378
  • Jan 28, 2010 4:47am Jan 28, 2010 4:47am
Quoting Artifiz
[color=black]I have been watching and trading this method for some time and used the 85EMA for trend direction, provided by our smart trader fellow and friend grant. However I later found the Vegas' Tunnel's emas worked best for spotting major support and resistance levels. The Vega's Tunnel 1 hour method uses a [font=Times New Roman][font=Verdana][size=2]144 and 169 and uses the 12 ema as direction on 1 hour chart. I only use the 144 and 169 emas (Exponential EMA Apply to: close in MT4 charts). Look at my chart and see how price hits and bounces...
Today you would have made a killing taking the bounce of your EMA supports.

I used to trade like this and once doubled my account in one month, just to loose it all the next.

I fell in the trap of thinking I can predict the market.

If you scroll back you will see a lot of tines the market does not respect these levels.

Maybe there is a way to profit from these EMA's, but for newbies this is very dangerous if you don't know what you are doing.

Maybe you can come up with some fixed rules to help us more.

  • #2,379
  • Jan 28, 2010 5:19am Jan 28, 2010 5:19am
Quoting Hova
I did a 'quick' backtest (visual) from jan. 2005 to dec. 2009
results on attached image
Hi Hova, many thanks for the above.

Does this take into account moving SL to B/E @ 25 and also cancelling pending orders if not activated before 0900hrs London time ( you need to account for daylight changes etc, etc)? Does it also include not trading if EMA is running through the box?

I notice 2005, 2006 and 2007 are not great. Have i read it right, i.e. only 525 pips for 2005, 360 pips for 2006 & 390 pips for 2007? Seems a lot lower than the other years - a little worrying.

By the way, fyi i also move SL to +15 @ +60 pips. That still gives it a good 45ish pips worth of breathing space.

Thanks again for the valuable info.
Trade the price action, not the cash!!!
  • #2,380
  • Jan 28, 2010 6:28am Jan 28, 2010 6:28am
Quoting matlobien
It basically refers to the slope direction.

If the slope is going north = blue.

by slope, do you mean the way the ema is pointing or are you talking about the slope indicators?

in your post it says you put the 85 ema on and bought when it was blue and sold when it was red.
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